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[主观题]

In a period of rising prices, when compared to a company that uses weighted average c

ost for inventory, a company using FIFO will most likely report higher values for its:

A.return on sales.

B.debt-to-equity ratio.

C.inventory turnover.

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第1题

A review of a company’s inventory records for the year indicates that the following costs were incurred:

Fixed production overhead: $500,000

Direct material and direct labor: 300,000

Storage costs incurred during production: 25,000

Abnormal waste costs: 30,000

If the company operated at full capacity during the year, the total capitalized inventory cost is closest to:

A.$800,000.

B.$825,000.

C.$855,000.

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第2题

A company which prepares its financial statements using IFRS wrote down its inventory value by €20,000 in 2009.In 2010, prices increased and the same inventory was worth €30,000 more than its value at the end of 2009.Which of the following statements is most accurate? In 2010, the company’s cost of sales:

A.was unaffected.

B.decreased by €20,000.

C.decreased by €30,000.

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第3题

Under U.s.GAAP, a LIFO liquidation occurs when the:

A.LIFO reserve value increases.

B.Firm changes from LIFO to FIFO

C.Quantity of goods sold is greater than the quantity produced.

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第4题

An analyst has gathered the following information about a company’s capital assets:

As at the end of 2012, the expected remaining life of the assets, in years, is closest to:

A、6

B、17

C、20

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